The Globe and Mail reports in its Tuesday edition that Gabriel Resources' Rosia Montana open-pit gold mining
project in Romania is in dire straights. The Globe's Bertrand Marotte writes that about 15 years of work and $583-million invested by Gabriel
hang in the balance as
the miner frantically struggles to
deal with comments made Monday
by Romania's Prime Minister
that Rosia Montana
likely will not get
approved amid protests from
fiercely opposed citizens over
environmental, heritage and economic
concerns.
Gabriel says it is examining all
options if parliamentary debate
on a draft bill to allow the project
to proceed is halted, as Prime
Minister Victor Ponta has suggested.
The launch of a lawsuit "for
multiple breaches of international
investment treaties" is among
those, Gabriel said.
Parliament should move as
quickly as possible to reject the
project given widespread popular
opposition, Mr. Ponta
said Monday.
Gabriel is "urgently
seeking confirmation of the
actual statements made and clarification
of the impact on the proposed
permitting of the Project."
Gabriel is now on
its seventh chief executive officer, Jonathan Henry, since launching its pursuit of
Rosia Montana.
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